CEO Fred Thiel RSU vesting schedule
Company: Marathon Digital
What the later record shows
Outcome not yet confirmed
No passage reports vesting of Thiel's original 500,000-RSU joining grant. P3 describes a separate 500,000-RSU grant made on May 2, 2023 on a different four-year schedule. P8 only shows he was still CEO in April 2024.
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Fred Thiel (CEO and Executive Chairman) has 500,000 RSUs vesting with 166,750 (33.33%) on first anniversary of joining and 41,650 quarterly for eight consecutive quarters thereafter
Source (primary)
Marathon Digital PRE 14A filed 2023-06-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Mr. Thiel is due 500,000 restricted stock units upon joining as the Company's Chief Executive Officer which 33.33% will vest upon the first anniversary of signing the agreement and the remaining 235,000 RSUs will vest 8.33% (41,650) every three months thereafter for eight consecutive calendar quarters.”
How we checked this
Checked on October 11, 2026. The cited source supports part of this claim, but not all of it.
The filing supports the 500,000-RSU grant, the 33.33% first-anniversary tranche and the 41,650 quarterly vesting. The 166,750 figure does not appear in the filing, whose own numbers for this grant do not add up. The filing also describes a separate 500,000-RSU grant to Thiel on May 2, 2023, on a different schedule.
Confirmed in the source:
- Fred Thiel is CEO and Executive Chairman
- Thiel is due 500,000 restricted stock units upon joining as CEO
- 33.33% of that grant vests on the first anniversary of signing his agreement
- The grant then vests 41,650 every three months for eight consecutive quarters
We could not confirm this from the cited source:
- That 166,750 RSUs vest on Thiel's first anniversary: the filing gives no such number, and 33.33% of 500,000 is about 166,650. The filing also describes the remainder as 235,000 RSUs, which matches neither figure.
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315223021104/formpre14a.htm) in full (113,914 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital PRE 14A filed 2023-06-13
Quote: “Mr. Thiel is due 500,000 restricted stock units upon joining as the Company's Chief Executive Officer which 33.33% will vest upon the first anniversary of signing the agreement and the remaining 235,000 RSUs will vest 8.33% (41,650) every three months thereafter for eight consecutive calendar quarters.”